Robeco Institutional Asset Management B.V. Sells 15,439 Shares of Equitable Holdings, Inc. (NYSE:EQH)

Robeco Institutional Asset Management B.V. decreased its holdings in shares of Equitable Holdings, Inc. (NYSE:EQH) by 3.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 493,402 shares of the company’s stock after selling 15,439 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.15% of Equitable worth $20,738,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in EQH. Norden Group LLC acquired a new stake in shares of Equitable in the first quarter worth $212,000. Daiwa Securities Group Inc. raised its position in shares of Equitable by 10.6% during the first quarter. Daiwa Securities Group Inc. now owns 24,093 shares of the company’s stock valued at $916,000 after buying an additional 2,300 shares during the last quarter. GSA Capital Partners LLP bought a new stake in shares of Equitable in the first quarter valued at about $542,000. Quantbot Technologies LP grew its position in Equitable by 27.0% during the first quarter. Quantbot Technologies LP now owns 179,311 shares of the company’s stock worth $6,816,000 after buying an additional 38,136 shares in the last quarter. Finally, SG Americas Securities LLC increased its stake in Equitable by 672.4% during the first quarter. SG Americas Securities LLC now owns 72,390 shares of the company’s stock valued at $2,752,000 after acquiring an additional 63,018 shares during the period. Institutional investors and hedge funds own 92.70% of the company’s stock.

Insider Buying and Selling

In other news, CEO Mark Pearson sold 30,000 shares of Equitable stock in a transaction on Monday, September 16th. The stock was sold at an average price of $40.78, for a total value of $1,223,400.00. Following the completion of the sale, the chief executive officer now directly owns 668,555 shares of the company’s stock, valued at approximately $27,263,672.90. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Mark Pearson sold 30,000 shares of Equitable stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $40.78, for a total transaction of $1,223,400.00. Following the completion of the sale, the chief executive officer now owns 668,555 shares in the company, valued at $27,263,672.90. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO William James Iv Eckert sold 3,500 shares of the stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $42.42, for a total transaction of $148,470.00. Following the completion of the transaction, the chief accounting officer now owns 19,321 shares in the company, valued at $819,596.82. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 93,500 shares of company stock worth $3,969,870 in the last quarter. Insiders own 1.10% of the company’s stock.

Equitable Stock Performance

Shares of NYSE:EQH opened at $50.40 on Thursday. The business has a fifty day moving average of $43.03 and a 200-day moving average of $41.32. The firm has a market cap of $15.97 billion, a PE ratio of -46.24 and a beta of 1.40. The company has a debt-to-equity ratio of 3.06, a quick ratio of 0.12 and a current ratio of 0.12. Equitable Holdings, Inc. has a twelve month low of $25.88 and a twelve month high of $50.51.

Equitable (NYSE:EQH) last announced its earnings results on Monday, November 4th. The company reported $1.53 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.53. Equitable had a net margin of 7.87% and a return on equity of 87.49%. The company had revenue of $3.08 billion during the quarter, compared to the consensus estimate of $3.78 billion. During the same period in the previous year, the firm posted $1.15 earnings per share. The company’s revenue was down 15.1% on a year-over-year basis. On average, equities research analysts predict that Equitable Holdings, Inc. will post 6.04 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on EQH shares. Morgan Stanley lowered their price objective on Equitable from $48.00 to $46.00 and set an “overweight” rating on the stock in a research report on Monday, August 19th. Truist Financial raised their price objective on shares of Equitable from $44.00 to $52.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Wells Fargo & Company upped their target price on shares of Equitable from $43.00 to $47.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Barclays raised their price target on shares of Equitable from $59.00 to $60.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 8th. Finally, Citigroup increased their target price on Equitable from $41.00 to $53.00 and gave the stock a “buy” rating in a report on Tuesday, July 23rd. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $48.70.

About Equitable

Equitable Holdings, Inc, together with its consolidated subsidiaries, operates as a diversified financial services company worldwide. The company operates through six segments: Individual Retirement, Group Retirement, Investment Management and Research, Protection Solutions, Wealth Management, and Legacy.